Business
6:36 am
Sat June 8, 2013

Lunch with Warren Buffet auctioned for $1.1 million

OMAHA, Neb. (AP) — A private lunch with Omaha-based billionaire Warren Buffett has been sold for more than $1 million at auction. Compared to past years, that's a bargain.

An anonymous bidder submitted the winning bid of $1,000,100 Friday on eBay. Proceeds go to the Glide Foundation, which helps the poor and homeless in San Francisco.

The private audience with one of the most-successful investors and philanthropists ever drew bids of more than $2 million in each of the past five years. Last year's record-setting bid was nearly $3.5 million.

Since 2006, Buffett has been gradually giving away his fortune. He plans to eventually divide most of his shares of Berkshire stock between five charitable foundations, with the largest chunk going to the Bill and Melinda Gates Foundation.

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